Gabon: Tsengue-Lélédi accord reached

Saudi Arabia’s Rayat Al-Mulabi group in partnership with Russia’s Yugneft is reported to have reached an agreement to develop the Tsengue-Lélédi hydropower project in north-eastern Gabon. Agreement was reached on the sidelines of the Arab-American Islamic Summit in Riyadh on 21 May during talks between President Ali Bongo Ondimba and a Russian-Saudi business delegation led by Laheq Ghannam Outibi of the Rayat Al-Mulabi Group, according to local media reports.